Mng3701 exam study guide - Study guides, Study notes & Summaries

Mng3701 exam solutions Study guides, Study notes & Summaries

MNG3701 Exam Study Guide

MNG3701 EXAM PACK 2022. Knowledge vs. Understanding Knowledge is when only theory is provided, which will account for 50% mark allocation. Students are required to demonstrate an understanding the concept by showing how it is/could be applied in practical context 2. Critical Thinking There is a difference between “Discuss and Critically discuss”. To be critical entails “the judgement of the value of the concept, justification of its use in context”. 3. Writing and Self assessme...

MNG3701-Strategic Planning IIIA STUDY SUMMARY NOTES & EXAM PREP 2022. 1.1 SSTRATEGY Strategy can be defined as the direction provided by the actions and decisions of strategists in pursuit of organisational goals . It encompasses a set of actions an organisation takes to create competitive advantage. It is the longterm direction of the organisation – the things the business does, the paths it follows and the decisions it takes in order to reach certain goals. It provides members of the org...

MNG3701 LATEST EXAM PACK. This is a complete and an all-inclusive guide to MNG3701 - Strategic Management A competitive advantage occurs when a significant number of buyers prefer the company's products or services over those of its competitors and when the basis for this preference is sustainable over the long term it’s called a sustainable competitive advantage Sustainable competitive advantage For a competitive advantage to be sustainable, there must be requirements: valuable, rare, t...

MNG3701 EXAM PACK 2023 QUESTIONS AND ANSWERS. Competitive Advantage Explained: The organisation strives for is profitability. In order to make a profit in a specific industry, a business has to have something that makes it better than its competitors in the same industry. Spur restaurants have a competitive advantage in the area of creating a family atmosphere with good quality, affordable food and something for everyone: from steaks and burgers to pizzas and pastas and obviously also thei...

MNG3701-Strategic Management EXAM PACK 2022. 1. Knowledge vs. Understanding Knowledge is when only theory is provided, which will account for 50% mark allocation. Students are required to demonstrate an understanding the concept by showing how it is/could be applied in practical context 2. Critical Thinking There is a difference between “Discuss and Critically discuss”. To be critical entails “the judgement of the value of the concept, justification of its use in context”. 3. Writ...

MNG3701 EXAM PACK 2022. MNG3701 - Strategic Management Knowledge vs. Understanding Knowledge is when only theory is provided, which will account for 50% mark allocation. Students are required to demonstrate an understanding the concept by showing how it is/could be applied in practical context 2. Critical Thinking There is a difference between “Discuss and Critically discuss”. To be critical entails “the judgement of the value of the concept, justification of its use in context”. ...